Common use of Due Diligence Expenses Clause in Contracts

Due Diligence Expenses. In addition to reimbursement as provided under Section 3.2, the Fund shall also reimburse the Dealer Manager for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Participating Dealer up to 0.05% of the aggregate proceeds raised in the offering; provided, however, that no due diligence expenses shall be reimbursed by the Fund pursuant to this Section 3.3 which would cause the aggregate of all Fund expenses described in Section 3.1, all underwriting compensation paid to the Dealer Manager and any Participating Dealer and the due diligence expenses paid pursuant to this Section 3.3 to exceed 8.0% of the gross proceeds from the sale of the Shares. Such due diligence expenses may include travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or any Participating Dealer and their personnel when visiting the Fund’s offices to verify information relating to the Funds. The Dealer Manager or any Participating Dealer shall provide a detailed and itemized invoice to the Fund for any such due diligence expenses.

Due Diligence Expenses. In addition to reimbursement as provided under Section 3.2, the Fund Company shall also reimburse the Dealer Manager Manager, and any Participating Dealer, as appropriate, for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Participating Dealer up to 0.05% of the aggregate proceeds raised in the offeringDealer; provided, however, that no due diligence expenses shall be reimbursed by the Fund Company pursuant to this Section 3.3 which would cause the aggregate of all Fund Company expenses described in Section 3.1, all underwriting compensation paid to the Dealer Manager and any Participating Dealer and the due diligence expenses paid pursuant to this Section 3.3 to exceed 8.015.0% of the gross proceeds from the sale of the Primary Shares. Such due diligence expenses may include travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or any Participating Dealer and their personnel when visiting the FundCompany’s offices or properties to verify information relating to the FundsCompany or its properties. The Dealer Manager or any Participating Dealer shall provide a detailed and itemized invoice to the Fund Company for any such due diligence expenses.

Due Diligence Expenses. In addition to reimbursement as provided under Section 3.2, the Fund Trust shall also reimburse the Dealer Manager for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Participating Dealer up to 0.05% of the aggregate proceeds raised in the offering; provided, however, that no due diligence expenses shall be reimbursed by the Fund Trust pursuant to this Section 3.3 which would cause the aggregate of all Fund expenses described in Section 3.1, all underwriting compensation paid to the Dealer Manager and any Participating Dealer and the due diligence expenses paid pursuant to this Section 3.3 to exceed 8.0% of the gross proceeds from the sale of the Shares. Such due diligence expenses may include travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or any Participating Dealer and their personnel when visiting the FundTrust’s offices to verify information relating to the FundsTrusts. The Dealer Manager or any Participating Dealer shall provide a detailed and itemized invoice to the Fund Trust for any such due diligence expenses.

Due Diligence Expenses. In addition to reimbursement as provided under Section 3.2, the Fund Trust shall also reimburse the Dealer Manager for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Participating Dealer up to 0.050.5% of the aggregate proceeds raised in the offering; provided, however, that no due diligence expenses shall be reimbursed by the Fund Trust pursuant to this Section 3.3 which would cause the aggregate of all Fund expenses described in Section 3.1, all underwriting compensation paid to the Dealer Manager and any Participating Dealer and the due diligence expenses paid pursuant to this Section 3.3 to exceed 8.0% of the gross proceeds from the sale of the Shares. Such due diligence expenses may include travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or any Participating Dealer and their personnel when visiting the FundTrust’s offices to verify information relating to the FundsTrusts. The Dealer Manager or any Participating Dealer shall provide a detailed and itemized invoice to the Fund Trust for any such due diligence expenses.